AMMO, Inc. 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock - POWWP STOCK NEWS

AMMO, Inc. (Nasdaq: POWW, POWWP) announced a cash dividend of $0.5529514 per share for its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. Record holders as of November 30, 2022, will receive the dividend on December 15, 2022. This payment showcases the company's commitment to returning value to shareholders, reflecting its operational stability in the firearms and ammunition market.

AMMO, Inc. (Nasdaq: POWW, POWWP) reported a 21% decline in net revenues for Q2 FY2023, totaling $48.3 million, compared to $61 million in the previous year. The company recorded a net loss of ($0.8) million and diluted EPS of ($0.01), down from $0.11. Adjusted EBITDA fell to $8.2 million from $24.0 million. The company's new manufacturing facility is now operational, aiming to increase production capacity significantly. Despite a decrease in marketplace revenue of 13%, AMMO plans cost-cutting measures and projects stabilization in commodity pricing, revising guidance for FY2023 revenues to $220-$240 million.

AMMO, Inc. (NASDAQ: POWW, POWWP) has appointed Christos Tsentas and Wayne Walker to its Board of Directors as part of a settlement with the Urvan Group. This agreement leads to the withdrawal of the Urvan Group's slate of nominees and aims to enhance shareholder value. The company will also suspend the separation of its ammunition and marketplace businesses due to market conditions and feedback from shareholders. A CEO succession committee will be formed to plan for future leadership. The company ended its internal investigation involving board members.

AMMO, Inc. (Nasdaq: POWW, POWWP) is the title sponsor of the U.S. Concealed Carry Association’s annual Expo from Nov. 11-13 in Fort Worth, TX, expecting 15,000 attendees. The event features self-defense seminars and product exhibitions, underscoring AMMO's commitment to the firearms industry. Attendees can visit AMMO at booth #919 for new and returning training sessions. Founded in 2016, AMMO designs high-performance ammunition and promotes responsible gun ownership through its marketplace, GunBroker.com.

AMMO, Inc. (Nasdaq: POWW, POWWP) will release its fiscal second quarter 2023 financial results on November 14, 2022, after market close. The company will hold a conference call for investors at 5:00 p.m. EST the same day. Investors can participate via phone or webcast. AMMO, founded in 2016, is known for its innovative ammunition products and operates GunBroker.com, the largest online marketplace for firearms and shooting sports. The company also encourages shareholders to read the upcoming proxy statements related to its Annual Meeting.

AMMO, Inc. (Nasdaq: POWW, POWWP) has successfully operationalized its .50BMG manufacturing line, supporting a South American export deal for 2.5 million rounds valued over $15 million. The new Manitowoc, WI plant is ramping up capacity weekly, and AMMO is receiving increased international inquiries. CEO Fred Wagenhals highlighted the company's ability to meet both U.S. and global demand, indicating strong market recognition. This order positions AMMO to further expand its production capabilities and cater to international markets.

AMMO, Inc. (Nasdaq: POWW, POWWP) has opened a new 185,000 sq. ft. facility in Manitowoc, Wisconsin, significantly enhancing its lab and range capabilities. This state-of-the-art plant includes a multi-lane underground range and advanced testing equipment for both standard and armor-piercing ammunition. The facility aims to innovate ammunition technology, including newly developed multi-part casings. AMMO is dedicated to supporting military programs and maintaining a leadership role in the ammunition industry.

AMMO, Inc. (Nasdaq: POWW, POWWP) announced the launch of its proprietary eCommerce payment processing platform, targeting January 1, 2023. This move aims to enhance the buyer/seller experience on GunBroker.com and is projected to increase net income by $5 million annually by eliminating third-party processor BitRail. The platform will offer secure transactions, fraud protection, and loyalty programs. CEO Fred Wagenhals stated that this initiative will improve transaction volume and revenue, ultimately benefiting shareholders.

AMMO, Inc. (Nasdaq: POWW, POWWP) announced its in-house marketing suite launch for manufacturers and sellers by January 1, 2023. The suite aims to enhance sales directly to consumers via GunBroker.com, leveraging significant consumer data for improved targeting. The initiative positions the company to increase market share and creates additional revenue opportunities, projecting annual revenue between $5-$10 million. AMMO's Chairman & CEO highlights this as a strategic move to enhance shareholder value and harness the Marketplace's reach.